Deterioration in construction project profitability due to intensifying competition for orders
First written in FY2016. 21 of 30 entries say "Restated". Latest entry: FY2026.
Ichiken moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 27 of 40 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note continues to identify the risk of deteriorating project profitability due to competition for orders and higher construction material prices and labor costs. - FY2025RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note continues to describe the risk of deteriorating project profitability due to competition for orders and soaring construction material prices and labor costs. - FY2024-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2024-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2024-Q1MaterialisedAnnual report
「Regarding profit and loss, although completed construction revenue increased, gross profit on completed construction contracts declined due to higher construction material prices and other factors. As a result, operating profit was ¥612 million, down 40.8% year on year; ordinary profit was ¥610 million, down 40.7%; and net profit for the quarter was ¥518 million, down 25.1%.」
The note states that higher construction material prices led to a decline in gross profit on completed construction contracts, which in turn reduced operating profit and other profit measures, demonstrating the impact of the risk of deteriorating profitability on results. - FY2023MaterialisedAnnual report
「Although completed construction revenue increased, gross profit on completed construction contracts declined due to the impact of soaring construction material prices and other factors. As a result, operating profit was ¥2,667 million, down 43.0% year on year; ordinary profit was ¥2,585 million, down 44.2%; and net profit for the year was ¥1,708 million, down 42.8%.」
The note explains that soaring construction material prices led to a decline in gross profit on completed construction contracts, which in turn reduced operating profit and other profit measures, indicating that the risk of deteriorating profitability materialized in the full-year results. - FY2023-Q3MaterialisedAnnual report
「Although completed construction revenue increased, gross profit on completed construction contracts declined due to the impact of soaring construction material prices and other factors. As a result, operating profit was ¥2,181 million, down 41.0% year on year; ordinary profit was ¥2,151 million, down 41.5%; and net profit for the quarter was ¥1,447 million, down 45.5%.」
The note states that soaring construction material prices led to a decline in gross profit on completed construction contracts, which in turn reduced operating profit and other profit measures, demonstrating the impact of the risk of deteriorating profitability on results. - FY2023-Q2MaterialisedAnnual report
「Although completed construction revenue increased, gross profit on completed construction contracts declined due to higher construction material prices and other factors. As a result, operating profit was ¥1,666 million, down 27.3% year on year; ordinary profit was ¥1,642 million, down 28.1%; and net profit for the quarter was ¥1,106 million, down 34.8%.」
The note states that higher construction material prices led to a decline in gross profit on completed construction contracts, which in turn reduced operating profit, ordinary profit, and net profit for the quarter, showing that the risk of deteriorating profitability continues to materialize in results. - FY2023-Q1MaterialisedAnnual report
「Although completed construction revenue increased, gross profit on completed construction contracts declined due to higher construction material prices and other factors. As a result, operating profit was ¥1,033 million, down 18.5% year on year; ordinary profit was ¥1,029 million, down 18.8%; and net profit for the quarter was ¥692 million, down 22.2%.」
The note states that higher construction material prices led to a decline in gross profit on completed construction contracts, which in turn reduced operating profit and other profit measures, demonstrating the impact on results of the risk of deteriorating project profitability due to competition for orders and higher costs. - FY2022RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs in an economic environment that remains uncertain, this could affect the Company's operating results.」
The note continues to identify the risk of deteriorating project profitability due to intensifying competition for orders and soaring material prices and labor costs. - FY2022-Q3RestatedAnnual report
「In the construction industry, with the economic outlook remaining uncertain due to COVID-19, intensifying competition for orders, soaring labor costs caused by shortages of skilled workers and rising construction material prices continue to create a difficult business environment.」
The note continues to identify intensified competition for orders and factors contributing to deteriorating project profitability due to higher labor and material costs amid an economic environment clouded by uncertainty over the outlook as a result of COVID-19. - FY2022-Q2RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while soaring labor costs and rising construction material prices have continued to create a difficult business environment.」
The note continues to identify intensified competition for orders against a backdrop of restrictions on economic activity resulting from COVID-19, as well as factors contributing to deteriorating profitability due to higher labor and material costs. - FY2022-Q1RestatedAnnual report
「In the construction industry as well, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while soaring labor costs and higher construction material prices have also raised concerns, and the operating environment remains difficult and unpredictable.」
The note continues to identify intensified competition for orders against a backdrop of restrictions on economic activity resulting from COVID-19, as well as factors contributing to deteriorating profitability due to higher labor and material costs. - FY2021RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note continues to identify the risk of deteriorating project profitability due to competition for orders and higher material prices and labor costs. - FY2021-Q3RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while concerns also remain over soaring labor costs and rising construction material prices. The difficult business environment remains unpredictable.」
The note continues to describe intensifying competition for orders and factors contributing to deteriorating project profitability against a backdrop of restrictions on economic activity resulting from the spread of COVID-19. - FY2021-Q2RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while concerns also remain over soaring labor costs and rising construction material prices. The difficult business environment remains unpredictable.」
The note continues to describe intensifying competition for orders against a backdrop of restrictions on economic activity resulting from the spread of COVID-19. - FY2021-Q1WorsenedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, and concerns remain over the spread of disruption and stagnation in securing labor and construction materials. The difficult business environment remains unpredictable.」
Against a backdrop of restrictions on economic activity resulting from the spread of COVID-19, the note identifies intensifying competition for orders and a worsening competitive environment. - FY2020WorsenedAnnual report
「Intensifying competition for orders after the completion of Tokyo Olympics and Paralympics-related construction work」
The note explicitly identifies the concern that competition for orders will intensify after the completion of Olympic-related construction work as a business environment issue requiring priority attention. - FY2020-Q3WorsenedAnnual report
「With construction work related to the Tokyo Olympics and Paralympics having run its course, competition for orders is becoming increasingly intense.」
The note states that competition for orders is becoming increasingly intense as construction work related to the Tokyo Olympics and Paralympics runs its course. - FY2020-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2020-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2019RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note continues to identify the risk of deteriorating project profitability due to competition for orders and higher material prices and labor costs. - FY2019-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2019-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2019-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2018RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note continues to identify the risk of deteriorating project profitability due to intensifying competition for orders and soaring construction material prices and labor costs. - FY2018-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders and higher material prices and labor costs. - FY2018-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The note concludes that there have been no material changes to the risk of deteriorating project profitability due to intensifying competition for orders described in the previous fiscal year. - FY2017RestatedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note continues to identify the risk of deteriorating project profitability due to competition for orders and higher material prices and labor costs. - FY2016First statedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The note identifies intensified competition and soaring material prices and labor costs as risks that could affect operating results through deteriorating project profitability.